Economic and Financial Review


Central Bank of Nigeria


Insurance, Nigeria


The paper is divided into five parts. Part I discusses the structure of the industry, while Part 11 gives a brief summary of its legislative and administrative controls. Part 111 outlines the sources and application of funds arising from the underwriting and investment operations of insurance companies in Nigeria while Part IV analyses their investment patterns. Part V highlights the problems and prospects of the industry and rounds up the paper with a brief summary and conclusion.

Author Bio

S. E. Omoruyi is a Deputy Director of Research, Sectoral Studies Division & O. A. Demuren (Mrs) is a Senior Economist, Statistics and Econometrics Division

Publication Title

CBN Economic and Financial Review





Recommended Citation

Omoruyi, S. E. & Demuren, O. A. (1980). The Growth of Insurance Business in Nigeria 1969 - 1978. CBN Economic and Financial Review. 18(1), 21 - 40.

Included in

Insurance Commons



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